HomeMy WebLinkAboutMinutes_GEDCO_08.18.2014And the GoverningBody
City of Georgetown, Texas
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on
Monday, August 18, 2014.
Members Present:
Steve Fought, Kevin Kelly, Hugh Brown, Patty Eason, Charles Carter, Wait Barkalow, John Hesser
Members Absent* Barkalow,
Staff Present: Paul E.Brandenburg, Thomas,• • Development
AssistantDirector, Shirley Rinn, Executive Assistant, Micki Rundell, Finance Manager, Laurie Brewer,
Jodi Levi, SeniorAccountant,Bridget Chaf:Attorney,i
Economic Development Program Manager
Legislative Regular Agenda
A Discussion and possible action'•. • Project Progress Report,•ing Airborn, Radix
BioSolutions, Lone Star Circle of Care, Georgetown Winery, Grape Creek Winery, Difusion
• ••CollaborationRadix,Radiation Detection
Company, Summit at the Rivery ConferenceMoleculara and TASUS
Corporation— Paul E. Brandenburg, General Manager and Mark Thomas, Economic Development
Director
Thomasprovided overview of of of projects. He told them that that the
regionalEB 5 • • approved for the Rivery Conference
Consideration a• approval of •r Georgetown Ec• • Development C• p t
for the Regular Meeting held Monday, June 16, 2014 --Hugh Brown, Secretary
Motion by •second by e to approve the minutes for.• •. •Economic
Development C• • i • for Regular f Monday,• 2014. Approved 1
(Kelly and s iabsent)
GEDCo Minutes
August 18, 2014
Page 1 of 3
C Consideration of the June 30, 2014 and July 31, 2014 Financial Reports-Micki Rundell, Finance
Manager
Rundell provided an overview of the reports. She told them that the Rivery Bonds will not be
issued most likely until next fiscal year. The June Sales Tax collections are 8.04% higher that same
time last year and 12.01% higher year to date. There was also a clarification that GEDCO oesown
the Grape Creek Building.
D Consideration and possible action regarding the Administrative Services Contract between the
City of Georgetown and the Georgetown Economic Development Corporation - Micki Rundell,
Rundell provided the overview of the Administrative Contract. The costs have been adjusted this
year. She told the board it had not been adjusted in some time. $83,000 was prior amount. Shq.
explained the increases. She explained the percentages of GEDCO funding utilized for positions.
Motion by Brown, second by Fought to approve the Administrative Services Contract between
the City of Georgetown and the Georgetown Economic Development Corporation. Approved 5-0
(Barkalow and Kelly absent)
E Consideration and possible action to approve the GEDCO 2014/15 budget - Micki Rundell, Finance
Manager
This Item was pulled. Need to clarify Rivery items in the Budget. The Budget will be brought back
at the next GEDCO Meeting.
Consideration and possible action regarding the Performance Agreement between DisperSol and
GEDCO - Mark Thomas, Economic Development Director
Thomas provided an explanation of the terms for the Dispersol Performance Agreement for an
amount not to exceed $250,000 for job creation at $5,000 per job created up to 50 net new
employment positions as defined in the Agreement.
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Part of the considerations for this Agreement included retainage issues related to the current jobs
that exist.
Thomas and Chapman also told the Board about the specialization of the new buildout. This
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be an asset to TLCC.
GEDCO Minutes
August 18, 2014
Page 2 of 3
Motion by Brown, second by Fought to approve a Performance Agreement in an amount not to
exceed $250,000 between DisperSol Technologies, LLC and GEDCO. Approved 5-0 (Barkalow and
Kelly absent)
In compliance with the Open Meetings Act, Chapter 551, Government Code, Vernon's Texas Codes,
Annotated, the items listed below will be discussed in closed session and are subject to action in the
regular session.
H Sec. 551.071: CONSULTATION WITH ATTORNEY
Consultation with attorney regarding legal issues related to agenda items and other matters in
which the duty of the attorney to the Georgetown Economic Development Corporation under the
Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas.
I Section 551.072. DELIBERATION REGARDING REAL PROPERTY
Discussion and possible action to deliberate the purchase, exchange, lease or value of real
property for purposes authorized by the Development Corporation Act which discussion in open
session would have a detrimental effect on negotiations with third persons.
J Section 551.087. DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS.
Deliberation regarding commercial or financial information that the corporation has received
from a business prospect that the Georgetown Economic Development Corporation seeks to have
locate, stay, or expand in or near the territory of the City of Georgetown and with which the
Corporation is conducting economic development negotiations; and/or deliberation regarding the -
offer of a financial or other incentive to a business prospect that the Corporation seeks to have
locate, stay, or expand in or near the territory of the City of Georgetown.
- Enflite
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Motion by Fought, second by Hesser to approve the contract amendments for the Performance
Agreement with Enflite as discussed in Executive Session. Approved 5-0 (Barkalow and Kelly
absent)
Attest:
Hugh Brown, Corporate Secretary
GEDCO Minutes
August 18, 2014
Page 3 of 3
ADJOURNMENT
.3
Patty Eason, Iticlent